Okta to Cut 300 Jobs Citing Overhiring, ‘Execution Challenges’ | Hacker News Reader

Okta to Cut 300 Jobs Citing Overhiring, ‘Execution Challenges’

bloomberg.com

50 pointsmfiguiere15 comments

During my experience attending Okta events in hope of securing an offer, they accidentally said they would not be able to look over everyone's resume at the end, after assuring us that they totally would earlier on in the webinar. The HR lady forgot to end the webinar and somebody captured it as it went down here: https://streamable.com/c2ytj1

Quite funny on one hand, quite disheartening on the other.

This video is amazing. Can’t believe this actually happened IRL

Looks like it would straight out the show Silicone Valley

The man's face on the left...I haven't laughed this hard in days

Wait till you find out that it is true for literally every company looking for any role. :')

The recording is quite funny nevertheless.

Hilarious, thanks for sharing!

"The shares jumped 6.5% in premarket trading." and that's the real reason all of these are being done. It's investors demanding their pound of flesh in outrageous returns that no other industry but tech and private equity would even consider.

Agreed. While much criticism gets directed to the leadership for irresponsible hiring and operations, the market dynamics of today which are motivating businesses to cut costs, were at an earlier time motivating businesses to rapidly grow and expand. Company executives who do not satisfy the market are quickly exited.

I'm still mad they were allowed to acquire Auth0. We chose them as our identity provider two years ago and the regular calls with our TAM are becoming more "Okta-fied" each time. What an awful company.

I either forgot they acquired them, or didn't know that. That's sad.

Can anyone else chip in with their post-acquisition Auth0 experiences? I’m genuinely concerned about its future.

Been quite badly burned by another (totally unrelated) third-party service that got acquired. Went from having a direct line to their CEO (who was himself a great engineer), to no contact for months on end.

Okta gave me a verbal offer in November, and retracted it after 3 weeks of “we’ll get final approval any day now, promise!”

Left a bad taste in my mouth, doubly so because I turned down another offer assuming that Okta would come through.

https://archive.is/Z62gg

https://archive.ph/OCIu4

Reply on news.ycombinator.com